According to Sawyer Merritt, Tesla's latest Model Y update includes a larger 16-inch display, advanced Premium AWD, and incentives like free Ultra Red paint and up to $2,500 in combined discounts for new inventory and loyalty. This update highlights Tesla's focus on integrating cutting-edge AI-driven interfaces and improving user experience through hardware upgrades. The ability to transfer Full Self-Driving (FSD) functionality also demonstrates Tesla's commitment to maximizing value for existing customers, reinforcing its leadership in autonomous vehicle technology and offering new business opportunities for AI-powered automotive services (source: Sawyer Merritt on Twitter).